Strategy families
策略族
What each family does, and why they are grouped by return source rather than by instrument. 每个策略族做什么， 以及为何按收益来源而非按交易工具来划分。
See the families →查看各策略族 →Research portfolios研究组合
A library of research portfolios, monitored continuously
持续监控的研究组合库
We maintain a large library of independent research portfolios rather than a single flagship approach. This page sets out how that library is distributed and why we run it that way. 我们维护的是一个庞大的独立研究组合库， 而非单一的旗舰策略。本页说明该组合库的分布情况，以及我们如此运作的理由。
The universe策略全景
The strategy universe
策略全景
Every research portfolio we maintain is monitored continuously. The bars below show how the library is distributed across strategy families. 我们维护的每一个研究组合都处于持续监控之下。 下方的条形图显示该组合库在各策略族之间的分布。
Why breadth matters广度为何重要
No single quantitative edge survives indefinitely. Maintaining many independent research portfolios lets us retire a decaying signal without abandoning a mandate, and lets an account be assembled from strategies whose return sources are structurally different. 没有任何一项量化优势能够长盛不衰。 维护众多相互独立的研究组合， 使我们得以在不放弃某项委托的前提下退役衰减的信号， 也使一个账户能够由收益来源在结构上彼此不同的策略组合而成。
153
With a recorded history已有记录历史
Counts are as at 10 August 2026 from the firm's internal portfolio system. A research portfolio is an internal account maintained by the firm; it is not a client account, a fund, or a product offered for sale. Portfolio counts are not an indication of performance. 数据取自本公司内部组合系统， 截至 2026 年 8 月 10 日。研究组合是本公司自行维护的内部账户， 并非客户账户、基金或对外销售的产品。组合数量不代表业绩表现。
What a research portfolio is何为研究组合
An internal test account, not a product.
是内部测试账户，
而非产品。
Each research portfolio is an account we maintain ourselves to study how a strategy behaves. It is not something a client can buy, and its existence in the library says nothing about how it has performed. 每一个研究组合， 都是我们自行维护、用以研究某项策略行为特征的账户。 客户无法购买，其存在于组合库之中，也并不说明它的表现如何。
Portfolios are priced roughly every five minutes through the trading day, so the record of how each one behaves is built continuously rather than reconstructed after the fact. 组合在交易日内大约每五分钟估值一次， 因此每个组合的行为记录是持续累积形成的，而非事后重构。
- A measurable record. Most portfolios have produced a daily price series that can be measured. 可度量的记录。 多数组合已形成可供度量的每日价格序列。
- Long enough to mean something. We treat 90 trading days as the point where risk measures stop being artefacts of a handful of sessions. 长到足以说明问题。 我们以 90 个交易日为界， 在此之后风险指标才不再只是少数几个交易日的偶然产物。
- Some are unclassified. A portfolio is maintained and monitored before it is assigned to a named family. 部分尚未归类。 组合在被归入某个具名策略族之前，即已处于维护与监控之中。
- Retired when they stop working. A decaying signal is withdrawn rather than carried. 失效即退役。 衰减的信号会被撤下，而不是继续带着走。
Keep reading延伸阅读
Related pages
相关页面
Our story
公司历程
Three years of building the research and trading platform before taking on a client. 在承接客户之前， 用三年时间建设研究与交易平台。
How we got here →我们的历程 →Important information. The material on this page describes research methods and internal processes. It is not investment advice, not an offer to sell or a solicitation of an offer to buy any security or service, and nothing here is tailored to any particular person. Investing involves risk, including the possible loss of principal. See our full disclosures. 重要提示。 本页材料描述的是研究方法与内部流程。 它不构成投资建议，不构成出售任何证券或服务的要约或购买要约的邀请， 亦未针对任何特定人士。投资含有风险，可能损失本金。 请参阅我们的完整披露与条款。
Start a conversation.
与我们聊一聊。
Tell us what you are trying to achieve and we will tell you honestly whether we are the right firm to help. 告诉我们您希望实现什么， 我们会坦率地告知，我们是否是合适的那一家。